Securian Asset Management Inc. Trims Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Securian Asset Management Inc. lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,138 shares of the insurance provider’s stock after selling 562 shares during the period. Securian Asset Management Inc.’s holdings in Arch Capital Group were worth $1,860,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Great Lakes Advisors LLC lifted its holdings in Arch Capital Group by 79.7% during the 4th quarter. Great Lakes Advisors LLC now owns 6,932 shares of the insurance provider’s stock worth $640,000 after purchasing an additional 3,075 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Arch Capital Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 23,326 shares of the insurance provider’s stock worth $2,154,000 after buying an additional 466 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Arch Capital Group by 21.9% in the fourth quarter. Moors & Cabot Inc. now owns 2,705 shares of the insurance provider’s stock valued at $250,000 after acquiring an additional 486 shares during the period. Inspire Advisors LLC boosted its position in shares of Arch Capital Group by 7.0% in the fourth quarter. Inspire Advisors LLC now owns 5,725 shares of the insurance provider’s stock valued at $529,000 after acquiring an additional 377 shares during the period. Finally, Independent Advisor Alliance grew its stake in Arch Capital Group by 98.8% during the fourth quarter. Independent Advisor Alliance now owns 6,925 shares of the insurance provider’s stock valued at $640,000 after acquiring an additional 3,442 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Bank of America dropped their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Barclays reduced their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. UBS Group lowered their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $90.41 on Friday. The company has a market capitalization of $33.94 billion, a P/E ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a 50 day moving average price of $91.83 and a two-hundred day moving average price of $99.69.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the company posted $2.45 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.